LAMBAR: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
LAMBAR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,357
2024 · -€47,103+€35,746
Equity
€565,645
2024 · €577,002-€11,357
Cash
€291,632
2024 · €231,994+€59,638
Balance sheet total
€1.8m
2024 · €1.8m-€44,508
Largest movements
Assets
- Tangible fixed assets -€118,203
down €118,203 (-7.4%), from €1.6m to €1.5m
of which Land and buildings: -€84,881
- Cash +€59,638
up €59,638 (+25.7%), from €231,994 to €291,632
mainly Depreciation (+€119,987) and Other debts (+€1,067)
Equity and liabilities
- Debts after one year -€28,825
down €28,825 (-2.7%), from €1.1m to €1.1m
of which Financial debts: -€28,825
Income statement
- Gross operating margin +€37,236
up €37,236 (+29.0%), from €128,609 to €165,845
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€47,103
Gross operating margin
+€37,236
Depreciation
-€484
Other operating charges
-€1,445
Financial income
+€265
Financial charges
+€5
Taxes
+€169
Result 2025
-€11,357
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€89,980
Investment
-€1,784
Financing
-€28,558
Cash 2024
€231,994
From operations (derived)
+€89,980
Net result for the year
-€11,357
Depreciation
+€119,987
Deferred charges and accrued income
-€14,057
Provisions
-€5,261
Trade debts
+€458
Tax, wage and social debts
-€1,652
Other debts
+€1,067
Accrued charges and deferred income
+€795
Investment (derived)
-€1,784
Investment in fixed assets (net)
-€1,784
Financing
-€28,558
Debts after one year
-€28,825
Current portion of long-term debt
+€267
Cash 2025
€291,632
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,843,669 | €1,799,161 | -€44,508 | -2.4% |
| Fixed assets | 21/28 | €1,593,778 | €1,475,575 | -€118,203 | -7.4% |
| Tangible fixed assets | 22/27 | €1,593,778 | €1,475,575 | -€118,203 | -7.4% |
| Land and buildings | 22 | €1,498,059 | €1,413,178 | -€84,881 | -5.7% |
| Plant, machinery and equipment | 23 | €69,888 | €50,910 | -€18,978 | -27.2% |
| Furniture and vehicles | 24 | €25,831 | €11,488 | -€14,343 | -55.5% |
| Current assets | 29/58 | €249,890 | €323,585 | +€73,695 | +29.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €11,493 | €11,493 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €231,994 | €291,632 | +€59,638 | +25.7% |
| Deferred charges and accrued income | 490/1 | €6,404 | €20,461 | +€14,057 | +219.5% |
| Total equity and liabilities | 10/49 | €1,843,669 | €1,799,161 | -€44,508 | -2.4% |
| Equity | 10/15 | €577,002 | €565,645 | -€11,357 | -2.0% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Capital | 10 | €570,000 | €570,000 | = | 0.0% |
| Issued capital | 100 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €377,362 | €361,580 | -€15,783 | -4.2% |
| Non-distributable reserves | 130/1 | €57,000 | €57,000 | = | 0.0% |
| Legal reserve | 130 | €57,000 | €57,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €320,362 | €304,580 | -€15,783 | -4.9% |
| Profit (loss) carried forward | 14 | -€370,360 | -€365,935 | +€4,425 | +1.2% |
| Provisions and deferred taxes | 16 | €106,787 | €101,527 | -€5,261 | -4.9% |
| Deferred taxes | 168 | €106,787 | €101,527 | -€5,261 | -4.9% |
| Amounts payable | 17/49 | €1,159,879 | €1,131,990 | -€27,890 | -2.4% |
| Amounts payable after more than one year | 17 | €1,084,508 | €1,055,683 | -€28,825 | -2.7% |
| Financial debts | 170/4 | €118,800 | €89,975 | -€28,825 | -24.3% |
| Other amounts payable | 178/9 | €965,708 | €965,708 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,651 | €74,791 | +€140 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €28,558 | €28,825 | +€267 | +0.9% |
| Trade debts | 44 | €2,780 | €3,238 | +€458 | +16.5% |
| Suppliers | 440/4 | €2,780 | €3,238 | +€458 | +16.5% |
| Taxes, remuneration and social security | 45 | €2,452 | €800 | -€1,652 | -67.4% |
| Taxes | 450/3 | €2,452 | €800 | -€1,652 | -67.4% |
| Other amounts payable | 47/48 | €40,861 | €41,928 | +€1,067 | +2.6% |
| Accrued charges and deferred income | 492/3 | €720 | €1,515 | +€795 | +110.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,503 | €119,987 | +€484 | +0.4% |
| Other operating charges | 640/8 | €20,283 | €21,728 | +€1,445 | +7.1% |
| Gross operating margin | 9900 | €128,609 | €165,845 | +€37,236 | +29.0% |
| Operating profit (loss) | 9901 | -€11,177 | €24,130 | +€35,307 | |
| Financial income | 75/76B | €497 | €761 | +€265 | +53.3% |
| Recurring financial income | 75 | €497 | €761 | +€265 | +53.3% |
| Financial charges | 65/66B | €40,492 | €40,487 | -€5 | 0.0% |
| Recurring financial charges | 65 | €40,492 | €40,487 | -€5 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,172 | -€15,596 | +€35,577 | +69.5% |
| Transfer from deferred taxes | 780 | €5,261 | €5,261 | = | 0.0% |
| Income taxes | 67/77 | €1,192 | €1,023 | -€169 | -14.2% |
| Profit (loss) for the period | 9904 | -€47,103 | -€11,357 | +€35,746 | +75.9% |
| Transfer from tax-exempt reserves | 789 | €15,783 | €15,783 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,320 | €4,425 | +€35,746 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.